Credit Suisse Group reiterated their neutral rating on shares of H&R Block, Inc. (NYSE:HRB) in a research note issued to investors on Wednesday. Credit Suisse Group currently has a $30.00 price target on the stock, up from their previous price target of $29.00.

A number of other analysts have also issued reports on HRB. BidaskClub upgraded H&R Block from a hold rating to a buy rating in a report on Wednesday, August 16th. Morgan Stanley boosted their price target on H&R Block from $24.00 to $27.00 and gave the company an equal weight rating in a report on Wednesday, June 14th. Barrington Research boosted their price target on H&R Block from $28.00 to $32.00 and gave the company an outperform rating in a report on Monday, June 19th. BMO Capital Markets boosted their price target on H&R Block from $26.00 to $31.00 and gave the company a market perform rating in a report on Friday, June 16th. Finally, Zacks Investment Research upgraded H&R Block from a hold rating to a buy rating and set a $30.00 price target for the company in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. H&R Block presently has an average rating of Hold and a consensus price target of $27.71.

H&R Block (NYSE:HRB) opened at 26.77 on Wednesday. The stock has a market cap of $5.57 billion, a PE ratio of 14.12 and a beta of 0.57. The stock has a 50 day moving average price of $30.01 and a 200-day moving average price of $26.54. H&R Block has a 1-year low of $19.85 and a 1-year high of $31.80.

H&R Block (NYSE:HRB) last announced its quarterly earnings results on Tuesday, August 29th. The company reported ($0.62) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.62). The firm had revenue of $138 million during the quarter, compared to analyst estimates of $129.33 million. H&R Block had a negative return on equity of 101.42% and a net margin of 13.19%. H&R Block’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) earnings per share. On average, equities analysts expect that H&R Block will post $1.97 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 3.59%. H&R Block’s dividend payout ratio is currently 49.48%.

In other H&R Block news, SVP Kathryn M. Collins sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $30.36, for a total transaction of $212,520.00. Following the completion of the sale, the senior vice president now owns 20,534 shares in the company, valued at $623,412.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kathryn M. Collins sold 2,931 shares of the company’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $30.35, for a total value of $88,955.85. Following the sale, the senior vice president now owns 17,372 shares of the company’s stock, valued at approximately $527,240.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,473,471 shares of company stock valued at $45,309,203. 0.63% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Gateway Investment Advisers LLC raised its stake in shares of H&R Block by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 12,870 shares of the company’s stock valued at $398,000 after buying an additional 35 shares in the last quarter. Veritable L.P. raised its stake in shares of H&R Block by 0.3% in the second quarter. Veritable L.P. now owns 13,151 shares of the company’s stock valued at $407,000 after buying an additional 37 shares in the last quarter. Private Bank & Trust Co. raised its stake in shares of H&R Block by 0.3% in the second quarter. Private Bank & Trust Co. now owns 16,720 shares of the company’s stock valued at $517,000 after buying an additional 53 shares in the last quarter. Advantus Capital Management Inc raised its stake in shares of H&R Block by 0.3% in the first quarter. Advantus Capital Management Inc now owns 20,774 shares of the company’s stock valued at $483,000 after buying an additional 61 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of H&R Block by 0.3% in the first quarter. State Treasurer State of Michigan now owns 67,998 shares of the company’s stock valued at $1,581,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

H&R Block Company Profile

H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories.

Analyst Recommendations for H&R Block (NYSE:HRB)

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